UNIONBANK | | | 125.08 3.82 2.96% |
Union Bank financial indicator trend analysis is much more than just breaking down Union Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Union Bank is a good investment. Please check the relationship between Union Bank Other Liab and its Other Assets accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Union Bank of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Other Liab vs Other Assets
Other Liab vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Union Bank Other Liab account and
Other Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Union Bank's Other Liab and Other Assets is 0.36. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Other Assets in the same time period over historical financial statements of Union Bank of, assuming nothing else is changed. The correlation between historical values of Union Bank's Other Liab and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Union Bank of are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Other Liab i.e., Union Bank's Other Liab and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.36 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Liab
Other Assets
Most indicators from Union Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Union Bank current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Union Bank of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The current year's
Tax Provision is expected to grow to about 81.9
B, whereas
Selling General Administrative is forecasted to decline to about 1.4
B.
Union Bank fundamental ratios Correlations
Click cells to compare fundamentals
Union Bank Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Union Bank fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Union Stock
Balance Sheet is a snapshot of the
financial position of Union Bank at a specified time, usually calculated after every quarter, six months, or one year. Union Bank Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Union Bank and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Union currently owns. An asset can also be divided into two categories, current and non-current.